Revenue

The Revenue Business Segment represents 15 agencies across the State of Oklahoma, with each having varied and unique missions and purposes as it relates to budgets, finances, accounting, commerce, community, and fiscal administration and accountability.

Agencies (15)

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Governor - The Governor of the State of Oklahoma is the head of state for the State of Oklahoma. Under the Oklahoma Constitution, the governor is also the head of government, serving as the chief executive of the Oklahoma executive branch of the government of Oklahoma. The governor is the ex officio commander in chief of the Oklahoma National Guard when not called into federal use. Despite being an executive branch official, the governor also possesses legislative and judicial powers. The governor's responsibilities include making yearly "State of the State" addresses to the Oklahoma Legislature, submitting the annual state budget, ensuring that state laws are enforced and that the peace is preserved.

Lieutenant Governor - The Office of Lieutenant Governor was created by Article 6, Sec. 1 of the Oklahoma Constitution. In Oklahoma and about half of the 50 states, the lieutenant governor serves in place of the governor when the chief executive officer leaves the state, becomes incapacitated or resigns. Oklahoma's lieutenant governor also serves as the president of the Oklahoma State Senate, casting a vote in the event of a tie and presiding over joint sessions of the state legislature. Constitutionally, or by state law, the lieutenant governor presides over, appoints a designee or is a member of 10 state boards and commissions.

Secretary of State - The mission of the secretary of state's office is to provide an exceptional standard of service to the public, business community and governmental agencies, through a registry of Oklahoma's official documents and through the delivery of services designed to improve public access and public awareness.

Oklahoma Building Bonds Commission - The Oklahoma Building Bonds Commission is establish under 62 O.S. § 57.302. The Commission consists of 2 members appointed by the president pro tempore of the Oklahoma Senate; 2 members appointed by the speaker of the Oklahoma House of Representatives; and 3 members appointed by the governor. The Office of the Secretary of State provides staffing for the commission, and the Office of State Finance provides the financial transaction processing for the Commission. The Commission is the agency by and through which the State of Oklahoma incurred indebtedness as approved by the people of the State of Oklahoma in a constitutional amendment, for the purpose of constructing, equipping, remodeling and repairing any and all buildings of the state. The commission also acts when called upon by the legislature by statute to manage other bond issues.

Oklahoma Capitol Improvement Authority - The Oklahoma Capitol Improvement Authority is authorized to issue bonds, notes or other obligations to finance construction of buildings or other facilities for the State of Oklahoma, its departments and agencies. OCIA may also issue refunding bonds to refinance its existing obligations, if economically feasible. Powers and duties of OCIA are set out in its enabling statutes at Title 73, Oklahoma Statutes, Sections 151 and following, as amended. OCIA exists to finance, construct and provide adequate and suitable office space and other needed facilities for departments and agencies of state government. In addition, OCIA helps provide financing for highway infrastructure for continued economic development in the state. Its enabling laws allow OCIA to purchase land for, and to erect, maintain and operate buildings for the use of state and federal agencies. Such improvements are generally financed through issuance of long-term OCIA obligations, which are in turn retired by rental payments made by agencies occupying the facilities.

Oklahoma Capital Investment Board (OCIB) - The Oklahoma Capital Investment Board was established under a 1987 legislative act and began functioning in 1992. OCIB currently operates 2 primary programs - the Venture Investment Program and the Oklahoma Capital Access Program (OCAP). The Venture Investment Program supports the funding of venture capital partnerships that meet the investment and strategic objectives of OCIB. OCIB guarantees investments in carefully selected venture capital partnerships, which agree to focus a portion of their time, talent and capital on potential investment opportunities in high growth, high return Oklahoma businesses. The Oklahoma Capital Access Program (OCAP) is designed to encourage depository institutions to make commercial loans that the institution believes have merit and at the same time may benefit from higher loan loss reserves. OCAP provides a tool similar to credit insurance to help banks make a higher volume of small business loans. OCAP provides banks with additional support they may need to make loans, removing some of the risk for the bank and making it easier for businesses to get needed capital. A list of Oklahoma banks enrolled in OCAP is available from OCIB.

Council on Judicial Complaints - To efficiently and impartially investigate complaints regarding the conduct of persons holding judicial position and to determine if such complaints should be the subjects of an action before the Court of the Judiciary, warrant a reprimand or admonition, or should be dismissed.

Oklahoma Development Finance Authority (ODFA) - The authority assists in the creation and retention of employment throughout Oklahoma by providing a financial conduit or by providing loans to communities, businesses and institutions without jeopardizing the credit rating of the state and at a minimum cost and minimal risk exposure to taxpayers.

Oklahoma Industrial Finance Authority (OIFA) - The Oklahoma Industrial Finance Authority is a constitutional authority established for the public good with the responsibility of aiding and assisting Oklahoma's industrial development and thereby provide additional employment.

Oklahoma Abstractors Board (OAB) - The Oklahoma Abstractors Board encourages and requires high standards of abstract plant development and maintenance. Encourage and require high standards and ethical practices, customer service and professional knowledge of licensees. Provide quality service in issuance and renewal of individual abstractor licenses, permits and certificates of authority. Assist consumers in resolving issues with abstract companies; safeguard the public interest; uphold state statutes and administrative rules regarding abstractors.

Oklahoma Department of Commerce (DOC) - The Oklahoma Department of Commerce's mission is to increase the quantity and the quality of jobs in Oklahoma. DOC does this through business attraction, creation and retention, community development, knowledge-based industry development, workforce development, and recruitment and retention.

Oklahoma State Bond Advisor (SBA) - The State Bond Advisor provides advice and assistance to the governor and legislature on matters relating to capital planning, debt issuance, and debt management. Additionally, the State Bond Advisor assists all sate governmental entities with capital financings, reviews, and approves fees and charges associated with such transactions, and represents the interests of the state before the bond rating agencies and credit enhancement providers. The State Bond Advisor's Office also serves as staff to the Long-Range Capital Planning Commission and administers the Private Activity Bond Allocation Act.

Oklahoma State Election Board - Established under the Constitution of the State of Oklahoma in 1907, the Oklahoma State Election Board is the administrative agency for the conduct of state elections and the oversight of the state's 77 county election boards.

Oklahoma Tax Commission (OTC) - The Oklahoma Tax Commission's mission is to serve the people of Oklahoma by promoting tax compliance through quality service and fair administration.